CALGARY - The company behind the proposed Trans Mountain pipeline expansion has dropped a request that the National Energy Board allow it to conduct some construction activity on the multi-billion dollar project. Last week, lawyers representing Kinder Morgan Canada subsidiary Trans Mountain asked the board for permission to install mats to deter fish spawning after the board told it last month to stop doing so. The lawyers said if the request was not granted, construction on the [Read more]
Tight oil export pipeline capacity expected to persist as Energy East cancelled
CALGARY - It's more vital than ever that three other pipelines to oil export markets proceed as planned in the wake of TransCanada Corp. (TSX:TRP) shelving its Energy East pipeline on Thursday, says AltaCorp Capital analyst Dirk Lever. Lever says Canadian producers will have to transport any incremental new oil production over the next year or so using railcars, and the pipeline transportation system out of Western Canada will remain tight for years. "We already know the next incremental [Read more]
Struggling Saint John mourns lost pipeline: ‘A huge economic blow’
SAINT JOHN, N.B. - At what would have been the eastern end of the Energy East Pipeline, rookie Mayor Don Darling is in mourning. The veteran businessman, elected mayor just last year, presides over a declining city in a declining province, and had been counting on Energy East to help turn the corner. "This is a disappointment. It's an economic blow. I'm frustrated," Darling said Thursday. The $15.7 billion pipeline project would have carried western crude to the Irving [Read more]
Controversial events in the history of TransCanada’s Energy East pipeline
TORONTO - TransCanada Corp. has cancelled its $15.7-billion proposed Energy East pipeline, with CEO Russ Girling citing non-specific "changed circumstances" Thursday morning. Supporters of the Calgary-based company's project — which would build and operate a 4,500-kilometre pipeline from Alberta to the East Coast — are casting the blame on costs and delays from federal government regulatory meddling, while other point to simple market forces. Here's a timeline of events in the controversial [Read more]
‘Deeply disappointed:’ Premiers say loss of Energy East pipeline bad for West
REGINA - The premiers of Alberta and Saskatchewan say Energy East would have been a nation-building project and that TransCanada's decision to cancel the pipeline is a bad day for the West. Alberta Premier Rachel Notley says Energy East — which would have carried Alberta oil to tidewater — would have benefited all of Canada with new jobs, investment, energy security and the ability to displace imported oil. Saskatchewan Premier Brad Wall says the reasons for the decision fall at the feet [Read more]
QuickQuotes: what’s being said about the end of TransCanada’s Energy East
TransCanada announced Thursday that it wasn't going ahead with the Energy East pipeline, bringing on a wave of comments either condemning or celebrating the outcome. Here is what some are saying: "Today is not a good day for Canada. It is not a good day for the federation. It is a very bad day for the west. TransCanada made the decision to cancel Energy East – but make no mistake, the reasons for it fall at the feet of Prime Minister Justin Trudeau and the federal government. They have [Read more]
Conservatives savage Liberal government over cancelled Energy East pipeline
OTTAWA - TransCanada's decision to cancel the Energy East pipeline project exposed deep divisions across the political landscape Thursday, highlighting the ever-present clash between energy development and environmental protection. The premiers of Alberta and New Brunswick and Calgary Mayor Naheed Nenshi all expressed disappointment over the decision, while the Opposition Conservatives blasted Prime Minister Justin Trudeau's Liberal government for "disastrous" energy policies that they [Read more]
NewsAlert:TransCanada says it’s cancelling Energy East pipeline project
CALGARY - TransCanada Corp. (TSX:TRP) says it is cancelling its $15.7-billion proposed Energy East pipeline because of "substantial uncertainty" caused by a regulatory panel's decision to include upstream and downstream emissions in its assessment of the project. CEO Russ Girling cited non-specific "changed circumstances" for the decision in a brief news release Thursday morning, without giving further explanation. But in a letter to the National Energy Board posted Thursday on [Read more]
BMO hired to sell some Progress Energy assets, anchored by Deep Basin lands
Petronas has put a massive package of oil and gas assets in Alberta on the sales block but it has no intention of abandoning the country despite the recent cancellation of its plan to build a West Coast LNG terminal, a spokeswoman says. According to a posting on the BMO Capital Markets website, the Malaysian state-owned energy company's subsidiary, Calgary-based Progress Energy Canada Ltd., has hired the bank to sell oil and gas drilling rights, wells, pipelines and three gas processing [Read more]
Canada keen to see Trans Mountain pipeline built, get more oil to China: Carr
OTTAWA - Canada will continue to produce oil and ship it across the country whether or not new pipelines are built, says the minister of natural resources says. Building pipelines just means it can be shipped more safely, Jim Carr says in a recent interview with The Canadian Press. Next week, Carr will play host to a major conference in Winnipeg looking at how Canada can and will adjust to a low-carbon energy world. However, he says, even as Canada adapts to that new [Read more]
- « Previous Page
- 1
- …
- 241
- 242
- 243
- 244
- 245
- …
- 511
- Next Page »